Enrolled (final) — PPP Extension Act of 2021

Record facts

Summary

The enrolled text of H. R. 1799, the PPP Extension Act of 2021, passed by the One Hundred Seventeenth Congress at its first session and dated March 30, 2021 on this page. Section 2 amends section 7(a)(36)(A)(iii) of the Small Business Act (15 U.S.C. 636(a)(36)(A)(iii)) and section 1102(b)(1) of the CARES Act by striking "March 31, 2021" and inserting "June 30, 2021", extending the paycheck protection program's covered period. It directs that from June 1, 2021, through June 30, 2021, the Administrator of the Small Business Administration accept no new lender applications and process only those submitted before June 1, 2021. Section 3 provides that the Act's budgetary effects are not entered on PAYGO scorecards under 2 U.S.C. 933(d) or section 4106 of H. Con. Res. 71. The bill ends with signature lines for the Speaker and the Vice President.

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Full text

H. R. 1799 
One Hundred Seventeenth Congress 
of the 
United States of America 
AT THE FIRST SESSION 
Begun and held at the City of Washington on Sunday, 
the third day of January, two thousand and twenty-one 
An Act 
To amend the Small Business Act and the CARES Act to extend the covered 
period for the paycheck protection program, and for other purposes. 
Be it enacted by the Senate and House of Representatives of 
the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘PPP Extension Act of 2021’’. 
SEC. 2. EXTENSION OF COVERED PERIOD FOR PAYCHECK PROTECTION 
PROGRAM. 
(a) IN GENERAL.—Section 7(a)(36)(A)(iii) of the Small Business 
Act (15 U.S.C. 636(a)(36)(A)(iii)) is amended by striking ‘‘March 
31, 2021’’ and inserting ‘‘June 30, 2021’’. 
(b) FUNDING.—Section 1102(b)(1) of the CARES Act (Public 
Law 116–136), as amended by section 323 of the Economic Aid 
to Hard-Hit Small Businesses, Nonprofits, and Venues Act (Public 
Law 116–260), is amended by striking ‘‘March 31, 2021’’ and 
inserting ‘‘June 30, 2021’’. 
(c) RESTRICTION.—From June 1, 2021, through June 30, 2021, 
the Administrator of the Small Business Administration shall not 
accept new lender applications for loans under paragraph (36) or 
(37) of section 7(a) of the Small Business Act (15 U.S.C. 636(a)) 
and shall only process such lender applications that have been 
submitted to the Administrator before June 1, 2021. 
SEC. 3. DETERMINATION OF BUDGETARY EFFECTS. 
(a) IN GENERAL.—The budgetary effects of this Act shall not 
be entered on either PAYGO scorecard maintained pursuant to 
section 4(d) of the Statutory Pay-As-You-Go Act of 2010 (2 U.S.C. 
933(d)). 
(b) SENATE PAYGO SCORECARDS.—The budgetary effects of this 
Act shall not be entered on any PAYGO scorecard maintained 
for purposes of section 4106 of H. Con. Res. 71 (115th Congress). 
Speaker of the House of Representatives. 
Vice President of the United States and
President of the Senate.

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